IFM Investors Pty Ltd purchased a new position in Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,872 shares of the company’s stock, valued at approximately $625,000.
A number of other hedge funds also recently bought and sold shares of TSN. Janus Henderson Group PLC increased its stake in Tyson Foods by 6,356.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock worth $155,256,000 after buying an additional 2,440,548 shares during the period. Iridian Asset Management LLC CT grew its holdings in Tyson Foods by 64.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after acquiring an additional 1,893,438 shares in the last quarter. FMR LLC grew its holdings in Tyson Foods by 155.4% during the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock worth $125,920,000 after acquiring an additional 1,223,351 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Tyson Foods by 12.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after acquiring an additional 980,069 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Tyson Foods by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after acquiring an additional 900,009 shares in the last quarter. 71.57% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on the stock. Fundamental Research set a C$1.82 target price on shares of Tyson Foods and gave the stock a “buy” rating in a report on Thursday, August 17th. ValuEngine upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price on the stock in a report on Wednesday, November 15th. BMO Capital Markets increased their target price on shares of Tyson Foods to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.71.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.93 billion. During the same period last year, the business earned $0.96 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. equities analysts expect that Tyson Foods, Inc. will post 5.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.30 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is presently 25.05%.
In related news, CFO Dennis Leatherby sold 115,293 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $82.09, for a total value of $9,464,402.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Rouse sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The disclosure for this sale can be found here. Insiders sold a total of 318,893 shares of company stock valued at $26,314,927 over the last ninety days. 2.65% of the stock is currently owned by insiders.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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